ATAPCO EXPANDS ITS INDUSTRIAL PORTFOLIO WITH ACQUISITION OF WAREHOUSE IN PRINCE GEORGE’S COUNTY

(AUGUST 19, 2020) Atapco Properties, Inc. (Atapco) has expanded its Mid-Atlantic industrial portfolio with the acquisition of 2300 Craftsman Circle, located in Hyattsville, Maryland.  This property includes a 186,829 square foot industrial/commercial warehouse.  The acquisition was structured as a short-term, partial sale/leaseback to an affiliate of the Seller.

 

2300 Craftsman Circle sits on 13.87 acres and is part of the Kenilworth Interchange Industrial Park. The property has an excellent location with strong transportation infrastructure to support future growth.  It is conveniently situated one and a half miles east of Washington, DC and directly off Route 50 and the Baltimore-Washington Parkway, which make it an ideal option for prospective tenants with distribution needs.

 

Brian Conklin, Vice President for Atapco Properties remarked, “The acquisition of this industrial asset represents the opportunity to own a true, last-mile, “inside the beltway” location with terrific access to the District of Columbia and the surrounding region.”

 

 

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Atapco Properties is a wholly owned subsidiary of American Trading and Production Corporation, which was originally formed in 1931 to consolidate, expand and diversify the business activities of the Blaustein family, the founders of the American Oil Company (AMOCO). Atapco Properties is active in Maryland, Indiana, New Jersey, North Carolina, Pennsylvania, and Virginia, developing state-of-the-art industrial, retail, residential, office and mixed-use projects with an emphasis on sustainability and green building standards. For more information on Atapco Properties, visit www.atapcoproperties.com.